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Dollar's Direction? Down

Likely Fed Rate Cut
Promise More Pain
For Sliding Currency

The dollar's relentless decline looks set to continue this week, when an expected interest-rate cut by the Federal Reserve will add to the forces arrayed against the sagging currency.

Already under intense pressure from signs the U.S. is in recession and the crisis atmosphere in the U.S. financial sector, the dollar's fall last week through some significant psychological levels has intensified negative market sentiment.